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Treasury Holdings China has been declared to be the first carbon neutral real estate company in Asia

Treasury Holdings China has become Asia’s first carbon neutral real estate company because of its success in reducing greenhouse gas emissions from its operations. Treasury Holdings Ireland and Treasury Holdings UK have already been certified as carbon neutral, a status the group is committed to achieving globally.
The CarbonNeutral Company, a world-leading carbon offset and carbon management business, has made the award in relation to Treasury Holdings’ Chinese operations following a thorough carbon footprint assessment of its activities in its Shanghai, Beijing, and Qingdao offices, and reduction of this to net zero.

Treasury is one of the largest western developers and investors in China and intends ultimately to locate one third of its worldwide activities in the Chinese market.  As part of its commitment to being a socially and environmentally responsible corporate citizen globally, the company has invested in renewable energy projects in China as part of its carbon offset programme.

The carbon footprint assessment of Treasury Holdings China operations was conducted by an independent third party in accordance with the Greenhouse Gas (GHG) Protocol to calculate the CO2 emission levels of Treasury Holdings China’s operations. The analysis included office energy use, waste disposal, business travel, and staff commuting habits.
As a consequence of this assessment, 435 tonnes of CO2 have now been offset by Treasury Holdings in China through a calculated investment in three renewable energy projects, namely a Hydropower Generation Project in Guizhou, a Gold-Standard Wind Farm Power Generation Project in Damao, Inner Mongolia, and a Landfill Gas Recovery Power Generation Project in Fujian Province.
The CarbonNeutral Company works across six continents to cut carbon emissions as rapidly and professionally as possible. Because carbon offsetting is not regulated on a global or national basis, the company operates to its own public standard, the Carbon Neutral Protocol, a voluntary framework for organisations taking voluntary action on climate change.
 

 “Climate change presents a significant challenge for responsible business leaders in the 21st century” said Richard Barrett, Founding Shareholder of Treasury Holdings. “Treasury Holdings Ireland and Treasury Holdings UK have already achieved carbon neutral status.  However it was particularly important for us to ensure that in China, which has experienced extraordinarily rapid growth, our activities have a carbon neutral impact.  We are very proud to have achieved that.

“We aim to become fully integrated into Chinese business and culture and to be the most successful property company operating in China. As part of this we aim to be a responsible corporate citizen and this certification is an important element of that”, said Mr Barrett.
 “Throughout Treasury Holdings’ operations we focus on sustainable and eco-friendly initiatives, not only in our property projects and developments, but in our work practices. We aim to embed energy efficiency in the Treasury Holdings brand and culture.  By adopting green practices we can lead by example and make a significant statement about the future of our business.

“We have specifically dedicated our carbon offset investments to a series of clean renewable energy projects within China as a demonstration of our green commitment in the Chinese market.

“This is only a small part of Treasury's long term strategy to become a recognised leader in China within the realm of sustainability. The Chinese Government is going to great lengths to promote sustainable business practices.  We are proud to play our part through achieving carbon neutrality in China. “